BUREAU VERITAS'
Independent Assurance Statement

Introduction and objectives of work

Bureau Veritas North America, Inc (Bureau Veritas) was engaged by Newmont Mining Corporation (Newmont Mining) to conduct an independent assurance of its 2010 Beyond the Mine Sustainability Report (the Report). This Assurance Statement applies to the related information included within the scope of work described below. The intended users of the assurance statement are the stakeholders of Newmont Mining. The overall aim of this process is to provide assurance to Newmont Mining's stakeholders on the accuracy, reliability and objectivity of the information included in the Report. The assurance process also evaluated Newmont Mining's management of sustainability in accordance with the principles of inclusivity, materiality and responsiveness.

This information and its presentation in the Report are the sole responsibility of the management of Newmont Mining. Bureau Veritas was not involved in the drafting of the Report. Our sole responsibility was to provide independent assurance on its content.

Scope of Work

Newmont Mining requested Bureau Veritas to include in its independent assurance the following:

• Data and information included in the Report for the calendar year 2010 reporting period;
• Appropriateness and robustness of underlying reporting systems and processes, used to collect, analyze and review the information reported;
• Evaluation of the Report against the International Council on Mining and Metals (ICMM) Sustainable Development (SD) Framework Assurance Procedure;
• Evaluation of the Report in accordance with the Assurance Standard AA1000AS (2008)¹ Type 2 assurance; and
• Evaluation of the Report against the principles of the Global Reporting Initiative (GRI) Reporting Framework as defined in the GRI G3 Sustainability Reporting Guidelines.

Excluded from the scope of our work is any assurance of information relating to:

• Activities outside the defined assurance period;
• Positional statements (expressions of opinion, belief, aim or future intention) by Newmont Mining
• Statements of future commitment; and
• Any financial data previously audited by an external third party.

Methodology

Bureau Veritas undertook the following activities:

1. Interviews with relevant personnel of Newmont Mining (65 employees including executives, managers and staff members at the corporate, regional and site level);
2. Interviews with selected individuals who represent stakeholders of Newmont Mining (13 external stakeholders including site-level and corporate stakeholders);
3. Review of internal and external documentary evidence produced by Newmont Mining;
4. Audit of performance data presented in the Report including a detailed review of a sample of data;
5. Site visits to mine sites located in Carlin, Nevada; Winnemucca, Nevada in the U.S.; and Boddington, inWestern Australia;
6. Interviews with managers and staff members from mine sites located in Jundee, Western Australia and Midas, Nevada;
7. Regional business unit visits to two regions: North American Operations in Elko, Nevada and Asia Pacific Operations in Perth, Western Australia;
8. Visit to Newmont Mining's headquarters office located in Denver, Colorado;
9. Review of Newmont Mining data and information systems for collection, aggregation, analysis and internal verification and review; and
10. Verification of stakeholder engagement activities by reviewing the Community Relations Review (CRR) follow-up documentation and interviews with relevant stakeholders at the corporate level and at the visited sites.

The work was planned and carried out to provide a high level of assurance and we believe it provides a sound basis for our conclusions.

Our findings

On the basis of our methodology and the activities described above, it is our opinion that:

• The information and data included in the Report are accurate, reliable and free from significant error, material mistakes or misstatements.
• The Report provides a fair representation of Newmont Mining's activities over the reporting period.
• The information is presented in a clear and understandable manner, and allows readers to form a balanced opinion regarding Newmont Mining's performance and position during the 2010 reporting period.
• The Report presents information that adequately demonstrates alignment with the ICMM Sustainable Development Framework, including the 10 Principles for Sustainable Development.
• The Report adequately reflects the organization's alignment to, and implementation of the AA1000AS (2008) principles of Inclusivity, Materiality and Responsiveness in its operations (further detail is provided below).
• The Report has been prepared in accordance with the Final Mining and Metals Sector Supplement version of the GRI G3 Guidelines (March 2010) and includes appropriate consideration of the profile disclosures, management approach disclosures and performance indicators to meet the requirements of GRI Application Level A+.
• Newmont Mining has established appropriate systems for the collection, aggregation and analysis of relevant information, and has implemented underlying internal assurance practices that provide a reasonable degree of confidence that such information is complete and accurate.
• Newmont Mining has processes in place for consulting and engaging with its key stakeholders in a structured and systematic manner.
• Newmont Mining's executive management continues to support the development of processes for the embedding of sustainable management concepts and practices in the company.

Adherence to the principles of AA1000AS

As required by the AA1000AS (2008) standard, outlined below are our observations relating to Newmont Mining's adherence to the principles of inclusivity, materiality and responsiveness.

Inclusivity

Newmont Mining has robust corporate policies in place for engaging with key stakeholders. In 2010, Newmont Mining finalized new and revised Social Responsibility Standards, including Stakeholder Mapping and Stakeholder Engagement standards. These standards provide minimum requirements for each of the areas covered. Implementation of these standards at the site level will further improve the uniformity of the company's stakeholder identification and engagement processes.

Materiality

The Report addresses the range of environmental, social and economic issues of concern that Newmont Mining considers to be of significant importance. Newmont Mining identifies material issues by consulting with stakeholders, tracking media coverage, and conducting internal assessments of risks and opportunities. Newmont Mining also considers information gained from industry colleagues and stakeholders during participation in various international initiatives and the activities of the ICMM. The identified material issues are transparently addressed in the Report.

Responsiveness

Newmont Mining is reporting on those issues it has identified as material and demonstrates its position and performance in its policies, objectives, indicators and performance targets. During 2010, the company finalized its Social Responsibility Standards on Managing Expectations and Commitments and Complaint/Grievance Procedures. Continued implementation of the requirements of these standards will help to embed uniform systems for responding to stakeholder concerns. The Report addresses responsiveness in its "Community" section by describing the company's response to lessons learned from the Community Relations Review (CRR) completed in 2008 for various programs.

Alignment with ICMM Sustainable Development Principles

Newmont Mining has demonstrated that it is implementing all five of the ICMM Subject Matters in their business and has reported on these areas as described below.

Subject Matter 1. The alignment of Newmont Mining's sustainability policies and procedures to ICMM's 10 Sustainable Development (SD) Principles.
The Report discusses the company's progress on implementing and upholding ICMM's 10 SD Principles. Evidence of the company's commitment to implementing the Principles and the mandatory requirements of the ICMM Position Statements was observed during Bureau Veritas' assurance process.

Subject Matter 2. Newmont Mining's material sustainable development risks and opportunities based on its own review of the business and the views and expectations of its stakeholders.
As discussed under the principles of the AA1000AS above, material risks are identified through both internal assessments and consideration of stakeholder expectations.

Subject Matter 3. The existence and status of implementation of systems that Newmont Mining is using to manage the identified material sustainable development risks and opportunities.
The Report includes a description of the company's policies, standards and management systems designed to address and respond to identified material SD risks and opportunities. For example, in the environmental area, Newmont Mining's operating sites were all certified to the ISO 14001 standard by the end of 2010 except for their newest site, Boddington that is preparing for certification by the end of 2011.

Subject Matter 4. Newmont Mining's performance during the given reporting period for the identified material sustainable development risks and opportunities.
The company's performance in the material areas of risk and opportunity pertaining to Social Responsibility, Environmental, Health and Safety continues to be described in sufficient detail in the Report.

Subject Matter 5. Newmont Mining's self-declared application level of the G3 Guidelines.
Newmont Mining has adequately responded to the GRI G3 reporting requirements for a Level A+ rating. During 2010, Newmont Mining has reported performance in accordance with the additional guidance and indicators included in the Final Version of the Metals and Mining Sector Supplement (March 2010).

Observations and Recommendations

• Operating sites provide sustainability data for the 2010 Beyond the Mine Report by completing data worksheets from the corporate office. The data and information are internally checked at the regional and corporate levels prior to the consolidation of data. The process of extracting data from multiple site spreadsheets for aggregation is cumbersome and requires extensive effort for validation. Newmont Mining has selected and purchased a business software system for data management; this system may be used for management of sustainability data. Implementation of this tool for this purpose should allow better management and analysis of sustainability data and improve its reliability.
• Although Newmont Mining has various data quality checks at regional and corporate levels, accuracy is still dependent on the methods of collection and verification performed at the site level. Due to the wide range of conditions at various sites, interpretation of data requirements at the site level is necessary. In addition to guidance provided in the data worksheets as well as in a separate procedure for environmental data, one mine site has drafted a site-specific procedure for collecting environmental data. Site-specific procedures such as this can improve data collection efficiency, improve data accuracy and act as a valuable training tool for new data collection personnel. This approach could also include guidance on how a site can internally check data using an independent source, when possible.
• Employee health and safety is clearly an important value at Newmont Mining. Although the overall injury and illness rates increased in 2010, an awareness of the importance of preventing serious and fatal injuries was evident at the site, regional and corporate levels within the organization. The CEO and/or COO conducted over 40 conference calls with site and regional managers and supervisors to investigate potential fatal occurrences. This senior executive involvement clearly communicates a commitment to safety and the preventive action. Continued support at this leadership level, coupled with implementation of The Safety Journey program down to operator level, should enhance Newmont Mining's efforts to improve safety performance.
• Several stakeholders stated that they had not read the Report. Some indicated that they could not easily find local content of interest and others said they would prefer to read a downloadable printable copy. Newmont Mining plans to address this concern by providing the 2010 Report Summary as a downloadable magazine. Newmont Mining should continue to explore ways to make the information in the report more readily accessible to stakeholders.

Statement of independence, impartiality and competence

Bureau Veritas is an independent professional services company that specializes in Quality, Health, Safety, Social and Environmental management with over 180 years history in providing independent assurance services, and a turnover in 2010 in excess of $4.4 billion (US).

No member of the assurance team has a business relationship with Newmont Mining, its Directors or Managers beyond that of verification and assurance of sustainability data and reporting. We have conducted this verification independently and we believe there to have been no conflict of interest.

Bureau Veritas has implemented a Code of Ethics across the business to maintain high ethical standards among staff in their day-to-day business activities.

The assurance team has extensive experience in conducting assurance over environmental, social, ethical and health and safety information, systems and processes, has over 20 years combined experience in this field and an excellent understanding of Bureau Veritas standard methodology for the Assurance of Sustainability Reports.

Bureau Veritas North America, Inc.
Denver, CO
April 15, 2011

¹Published by AccountAbility: The Institute of Social and Ethical Accountability http://www.accountability.org.uk